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Europe's CISPE challenges Broadcom's $69 billion VMware deal in EU court [Yahoo! Finance Canada]

Broadcom Inc. (AVGO)  More Company Research Source: Yahoo! Finance Canada
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Broadcom had wrapped up the purchase of VMWare in November 2023, after intense scrutiny from regulators globally forced the company to delay the closing date thrice. The European Commission's official summary of its approval decision was published in May, acknowledging that the acquisition posed significant risks to competition. "However, it failed to impose any conditions on Broadcom to prevent a concentration of dominance or to mitigate the potential abuse of such a position," CISPE said. CISPE said it has "consistently raised alarms" with the Commission over Broadcom's unfair software licensing practices, but no substantive action has been taken to support either European cloud service providers or their customers. VMware's dominance of software in the virtualisation market "means that unfair new licensing terms enforced by Broadcom affect almost every European organisation using cloud technology", said Francisco Mingorance, Secretary General of CISPE. A spokesperson for [Read more]
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Stockreport

Europe's CISPE challenges Broadcom's $69 billion VMware deal in EU court [Yahoo! Finance Canada]

Broadcom Inc.  (AVGO) 
More Company Research Source: Yahoo! Finance Canada
Last broadcom inc. earnings: 3/12 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.broadcom.com
Broadcom had wrapped up the purchase of VMWare in November 2023, after intense scrutiny from regulators globally forced the company to delay the closing date thrice. The European Commission's official summary of its approval decision was published in May, acknowledging that the acquisition posed significant risks to competition. "However, it failed to impose any conditions on Broadcom to prevent a concentration of dominance or to mitigate the potential abuse of such a position," CISPE said. CISPE said it has "consistently raised alarms" with the Commission over Broadcom's unfair software licensing practices, but no substantive action has been taken to support either European cloud service providers or their customers. VMware's dominance of software in the virtualisation market "means that unfair new licensing terms enforced by Broadcom affect almost every European organisation using cloud technology", said Francisco Mingorance, Secretary General of CISPE. A spokesperson for [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AVGO
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS